The Australian automotive industry is going through a
period of transformation. This coincides with significant ongoing
developments in Australia's customs and global trade landscape.
These two areas of change are interacting and creating customs
opportunities and risks that are unique to importers and exporters
of motor vehicles and their parts. In addition, the review into
Australia's tax system creates the opportunity for even greater
change.
Below we review seven overlapping customs issues currently
affecting the auto industry and what traders are doing now in
response to those issues:
TRUSTED TRADER PROGRAM
What is it
If its proposed benefits are fully realised, the Trusted Trader
Program (TTP) could represent the biggest development in Australian
Customs in at least the last ten years. Under the TTP, participants
in the supply chain who can demonstrate a high level of customs
trade compliance and supply chain security will be granted trade
facilitation
